The Nigeria Revenue Service, in collaboration with the Joint Revenue Board (JRB), has announced the implementation of a new Taxpayer Identification (Tax ID) system for all taxable persons in the country. The agency made the announcement in a public notice issued on its X handle today, stating that the reform is backed by Sections 6, […]
The Joint Tax Board of Nigeria has made it easier for Nigerians to access their Tax Identification Number (Tax ID) online, eliminating the need for a separate registration process. The Tax ID, a unique 13-digit number, is required for tax administration and banking purposes. According to a post obtained from the Joint Tax Board of […]
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said that banks will be required to request a Tax Identification Number (TIN) from all taxable Nigerians as part of the federal government’s new tax administration framework set to take effect on January 1, 2026. The Chairman of the Presidential [&h...
A new bill has been proposed in Nigeria that will require individuals engaged in banking, insurance, stock-broking, or other financial services to provide a Tax Identification Number as a precondition for opening a new account or operating an existing one, reports The PUNCH. According to the bill, titled “A Bill for an Act to Provide […...
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